Braun Stacey Associates Inc. Buys 17,340 Shares of Life Time Group Holdings, Inc. (NYSE:LTH)

Braun Stacey Associates Inc. raised its stake in Life Time Group Holdings, Inc. (NYSE:LTH) by 2.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 867,132 shares of the company’s stock after buying an additional 17,340 shares during the quarter. Braun Stacey Associates Inc.’s holdings in Life Time Group were worth $19,181,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of LTH. Farther Finance Advisors LLC raised its stake in Life Time Group by 105.8% in the third quarter. Farther Finance Advisors LLC now owns 1,762 shares of the company’s stock valued at $43,000 after purchasing an additional 906 shares in the last quarter. Moody National Bank Trust Division raised its position in shares of Life Time Group by 1.0% in the 4th quarter. Moody National Bank Trust Division now owns 92,101 shares of the company’s stock valued at $2,037,000 after buying an additional 911 shares in the last quarter. Assetmark Inc. lifted its holdings in shares of Life Time Group by 8.5% during the 3rd quarter. Assetmark Inc. now owns 12,022 shares of the company’s stock worth $294,000 after acquiring an additional 941 shares during the period. Rhumbline Advisers lifted its stake in Life Time Group by 1.2% during the fourth quarter. Rhumbline Advisers now owns 91,572 shares of the company’s stock worth $2,026,000 after purchasing an additional 1,075 shares during the last quarter. Finally, R Squared Ltd bought a new position in Life Time Group in the fourth quarter valued at about $42,000. 79.40% of the stock is currently owned by institutional investors.

Insider Activity at Life Time Group

In other news, EVP Ritadhwaja Jebens Singh sold 25,000 shares of Life Time Group stock in a transaction on Tuesday, January 14th. The stock was sold at an average price of $25.00, for a total value of $625,000.00. Following the transaction, the executive vice president now directly owns 191,626 shares in the company, valued at approximately $4,790,650. This trade represents a 11.54 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Erik Weaver sold 1,741 shares of the company’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $29.62, for a total value of $51,568.42. Following the completion of the transaction, the chief financial officer now directly owns 96,361 shares in the company, valued at approximately $2,854,212.82. The trade was a 1.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 250,147 shares of company stock valued at $6,369,316 over the last 90 days. 12.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Evercore ISI initiated coverage on Life Time Group in a report on Friday, November 22nd. They issued an “outperform” rating and a $29.00 target price for the company. Oppenheimer raised their price target on shares of Life Time Group from $33.00 to $43.00 and gave the company an “outperform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price objective on shares of Life Time Group from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research note on Friday, January 17th. Guggenheim reaffirmed a “buy” rating and set a $32.00 price objective (up previously from $29.00) on shares of Life Time Group in a research report on Friday, January 17th. Finally, Craig Hallum lifted their price objective on shares of Life Time Group from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, January 22nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Life Time Group presently has an average rating of “Moderate Buy” and a consensus price target of $31.77.

Life Time Group Stock Performance

LTH opened at $32.27 on Tuesday. The firm has a market cap of $6.68 billion, a P/E ratio of 46.76, a PEG ratio of 0.76 and a beta of 1.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 0.59 and a quick ratio of 0.46. Life Time Group Holdings, Inc. has a 1-year low of $11.89 and a 1-year high of $32.59. The company has a 50 day simple moving average of $25.92 and a two-hundred day simple moving average of $24.74.

Life Time Group Company Profile

Life Time Group Holdings, Inc provides health, fitness, and wellness experiences to a community of individual members in the United States and Canada. It primarily engages in designing, building, and operating of sports and athletic, professional fitness, family recreation, and spa centers in a resort-like environment, principally in suburban and urban locations of metropolitan areas.